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Author:Goodfriend, Marvin 

Journal Article
The monetary policy debate since October 1979: lessons for theory and practice

Monetary theory and policy have been revolutionized in the two decades since October 1979, when the Federal Reserve under the leadership of Paul Volcker moved to stabilize inflation and bring it down. On the side of practice, the decisive factor was the demonstration that monetary policy could acquire and maintain credibility for low inflation, and improve the stability of both inflation and output relative to potential. On the theory side, the introduction of rational expectations was decisive because it enabled models of monetary policy to incorporate forward-looking elements of aggregate ...
Review , Volume 87 , Issue Mar , Pages 243-262

Journal Article
Foreign exchange operations and the Federal Reserve

Economic Quarterly , Issue Win , Pages 1-20

Journal Article
Commentary on \\"Announcements and the role of policy guidance \\"

Review , Volume 90 , Issue Jul , Pages 443-446

Working Paper
A note on the neutrality of temporary monetary disturbances

In the classical macroeconomic models constructed by Lucas (1972, 1975) and Barro (1976), monetary aggregates are assumed to be generated by a logarithmic random walk. This specification implies that all monetary growth is (a) unanticipated and (b) permanent.
Working Paper , Paper 79-02

Conference Paper
Why we need an \\"accord\\" for Federal Reserve credit policy: a note

Proceedings

Conference Paper
Interest rate policy and the inflation scare problem: 1979-1992

Proceedings , Paper 1, pt. 1

Conference Paper
Federal Reserve asset acquisition: a proposal, panel discussion

Proceedings

Journal Article
The phases of U.S. monetary policy : 1987 to 2001

Economic Quarterly , Issue Fall , Pages 1-17

Monograph
Federal funds

Monograph

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